Area Development News Desk

04/23/2014

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Frost-Arnett, an accounts receivable management company specializing in office solutions for healthcare organizations, will invest $620,000 to expand its Campbellsville, Kentucky, operations center, with plans to create 70 new full-time jobs in Taylor County.

Founded in 1893, Frost-Arnett is a leader in the credit and collection industry. Frost-Arnett will expand its 10,000-square-foot call center on East Broadway Street to 12,000 square feet.

“The quality of the workforce in Campbellsville and the surrounding counties has always exceeded our expectations,” said Frost-Arnett President George Buck. “It was an easy decision for us to choose this site for expansion. We are very appreciative of the support we have received from the community as well the local and state governments.”

To encourage the investment and job creation in Campbellsville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

“It’s always exciting when a company chooses Kentucky to grow its business,” said Governor Steve Beshear. “I want to thank Frost-Arnett Company for investing in our Commonwealth and for putting more Kentuckians to work. This expansion is a testament to the quality of our workforce.”